Senior Staff Movements at the HKMA

The Hong Kong Monetary Authority (HKMA) announced today (Thursday) the senior staff arrangements to take effect on 1 September following the retirement of Mr William Ryback, the Deputy Chief Executive with responsibility for Banking Stability, on 31 August 2007.

Mr Y.K. Choi, who is currently Deputy Chief Executive with responsibility for monetary management, financial infrastructure, reserves management, and strategy and risk, will take over from Mr Ryback as the Deputy Chief Executive responsible for Banking Stability. Mr Eddie Yue, who is currently the Executive Director with responsibility for monetary management and financial infrastructure, will become Deputy Chief Executive and take over Mr. Choi's existing portfolio. Mr Edmond Lau, who is currently Executive Director responsible for Strategy and Risk, will take over from Mr Yue as Executive Director with responsibility for monetary management and financial infrastructure, retaining for the time being his responsibilities for Strategy and Risk. These appointments have been approved by the Financial Secretary on the advice of the Governance Sub-Committee of the Exchange Fund Advisory Committee.

For further enquiries, please contact:
Sara Yip, Manager (Press), at 2878 8246 or
Hing-fung Wong, Officer (Press), at 2878 1802

Hong Kong Monetary Authority
9 August 2007